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Ewinsane
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November 10, 2017, 08:10:55 AM |
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Because bitcoin is anonymous and hard to track, bitcoin can be used for money laundering, the Chinese government does not like bitcoin, and bitcoin can cause chaos in China.  I don’t understand why people blame bitcoin for their own mentality, its not the bitcoin which is compelling the people to do wrong or get involved n crimes but it is their own mental makeup, and when it comes to countries then the fact is that bitcoin is more comfortable than their normal currency people will prefer bitcoin over their currency so they are afraid that their national currency will fall by accepting bitcoin. |
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kinzey
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Activity: 254
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Blockchain with solar energy
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November 10, 2017, 08:24:52 AM |
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This is pretty much the whole story right here... " NIFA official Li Lihui told a technology conference in Shanghai on Friday that a goal of China’s monetary regulation is to ensure that “the source and destination of every piece of money can be tracked.” " Bitcoin is the mortal enemy of ' tracking'. Therefore China is going to continue to assault Bitcoin from every angle. You can be sure of that. For me china doesnt hate btc. They hate that btc is untraceable and can be used for bad intentions. And not just china alone. Every government is not happy with this. But btc is built this way so they can adjust and make regulations and such. |
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perfect999
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November 11, 2017, 06:42:40 AM |
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I think they don't hate bitcoin. Its just they want to have a currency that the government can control of it but since bitcoin is decentralized, no one can control of it and that is one reason they ban it in their country. They want also a currency that they can be track but as we can see, no one can track the transactions on the blockchain.
As far i think, so the only reason i get for the fact is that they have not good control on their mass or are unable to educate them mentally so not to get involved into wrong matters, so they blame bitcoin for it. Secondly their biggest fear can be the downfall of their own currency by introducing bitcoin in their own country. But soon they will realize that running without bitcoin in today is getting harder |
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weishao
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November 13, 2017, 08:07:20 AM |
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Because the Chinese government believes that bitcoin can not be controlled, it will undermine the Chinese market economy and think bitcoin is dangerous. Bitcoin is anonymous, bitcoin can be exploited by criminals and criminals, and the government can not trace criminal minutes. So the Chinese government does not like bitcoin.  |
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Bambinoe
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November 13, 2017, 08:21:55 AM |
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China doesn't hate Bitcoin as they are the greatest investors of BTC.
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zhuangxingyue1
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November 13, 2017, 08:27:46 AM |
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I believe China definitely does not hate bitcoin. Instead, with the wave of bitcoin in China, a wave of ico emerged and pocketed many people's money. Therefore, the government found it dangerous and banned ico.  |
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PMmesexycoins
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Stake's discord https://discord.gg/cZhK9vp
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November 13, 2017, 08:36:48 AM |
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There's many Chinese investments in the sector, but as a nation it might not be in their best interests. Because the Chinese government believes that bitcoin can not be controlled, it will undermine the Chinese market economy and think bitcoin is dangerous. Bitcoin is anonymous, bitcoin can be exploited by criminals and criminals, and the government can not trace criminal minutes. So the Chinese government does not like bitcoin. Sensible reply, are you from the region? |
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Nasty23
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★Bitvest.io★ Play Plinko or Invest!
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November 13, 2017, 08:39:58 AM |
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I believe China definitely does not hate bitcoin. Instead, with the wave of bitcoin in China, a wave of ico emerged and pocketed many people's money. Therefore, the government found it dangerous and banned ico. Yes I agree to you that China didn't hate bitcoin because there are many investors of bitcoin came from China but because of some reason that bitcoin can be used for illegal activities they decided to regulated it in order to protect the people. |
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Chairul Muttaqin
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November 13, 2017, 09:11:48 AM |
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I believe China definitely does not hate bitcoin. Instead, with the wave of bitcoin in China, a wave of ico emerged and pocketed many people's money. Therefore, the government found it dangerous and banned ico. Yes I agree to you that China didn't hate bitcoin because there are many investors of bitcoin came from China but because of some reason that bitcoin can be used for illegal activities they decided to regulated it in order to protect the people. you must separate both China (government) and Chineses, i think your point is messed up about both of them. The only one side that against bitcoin, it is China (government), they against bitcoin with a "reason" to protect their citizens from fraud or scam on both bitcoin activities and ICO activities. |
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TheGodFather
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November 13, 2017, 09:23:33 AM |
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This is pretty much the whole story right here... " NIFA official Li Lihui told a technology conference in Shanghai on Friday that a goal of China’s monetary regulation is to ensure that “the source and destination of every piece of money can be tracked.” " Bitcoin is the mortal enemy of ' tracking'. Therefore China is going to continue to assault Bitcoin from every angle. You can be sure of that. I think China is afraid of bitcoin because it has so many secrets that it must show first before going ahead with this. It is also well known that cryptocurrencies are something that is new and a lot of research must be done and china might be scared of an unknown quantity |
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hiVe
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https://www.soar.earth/
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November 13, 2017, 09:29:54 AM |
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China does not hate Bitcoin. They are trying to find a good way to control Bitcoin and ICO. Maybe, they will release a their own coin.
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ronics
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November 14, 2017, 02:13:43 AM |
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If what I know about politics China hates bitcoin ,of course Chinese strategic investment in the 21st century map and I believe china doesn't hate bitcoin in fact that its untraceable .China our government that says bitcoin is not a currency .China cannot to continue to assault bitcoin it is the central bank if China has directed ...
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jijikill
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November 14, 2017, 02:19:08 AM |
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I don't think any government will actually like bitcoin especially first world country like the US , Japan is an exception , the goal of bitcoin is to have a currency that's unable to be control by a parties and it's meant to unbank the bank . Any government would want to make everything under their control , any risky factor is not what they would like to see , especially such important thing like currency
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cheesyspoils
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November 16, 2017, 12:39:09 PM |
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Bitcoin is the mortal enemy of 'tracking'. Therefore China is going to continue to assault Bitcoin from every angle
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Quinni
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November 23, 2017, 05:14:23 AM |
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The reason is simple, because the Chinese government thinks bitcoin is a liar project, bitcoin has no value in their eyesight, the price is getting higher and higher, causing more people to buy. The country's funds flow to other countries, so I chose to combat bitcoin.
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James Messy
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November 23, 2017, 05:17:43 AM |
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I believe China doesn't hate bitcoin. China might hate the fact that it's untraceable, and with the problems that rised with the ICO's where many investors were scammed, and lost money, they couldn't do anything to retrieve that. It's a risky market, some will opt out of it, some will just act that they will opt out, and others will continue following bitcoin!
I totally agree with you... But the appropriate measure has to be taken by considering all drawbacks. |
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LRPchange
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November 23, 2017, 05:18:42 AM |
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If they cant come up with a way to control/ minitor. They would try to ban it as their 1st initiation. Happens not only with blockchain in general or crypto in particular.
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adzino
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www.Crypto.Games: Multiple coins, multiple games
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November 23, 2017, 05:30:43 AM |
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China loves to take control over everything they see. Now bitcoin is something that has become extremely hard for them to control or regulate. Thus they hate bitcoin and is trying to create and impose as much policies possible to take control over it, at least on China.
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Yarsk
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November 23, 2017, 05:41:49 AM |
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China point of view and intention is clearly understood the Chinese government stated that the source of money and it destinations most be noticeable and trackable, inline with they monetary policy, any country that care about the control of inflation in his economy will do same and at the same time to prevent money laundering and the possible lost of money by the citizens due to the problems ICOs may encounter.
So since bitcoin and other cryptocurrency are decentralized in natour it made it impossible for the government to trace it source and destination and by that cryoto become enemy of Chinese government policy.
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bustomi
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November 23, 2017, 05:55:04 AM |
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I do not think China hates it. I think China has much larger plans for the future. We are talking about China. They aren't idiot...
Yup, every country have their own regulations, so maybe Bitcoin for china just make their currency breakdown because a lot of china people's do investment with bitcoin. But we don't know for sure, or just like you said China have their own plan for the future  |
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